GCC Expanded Polystyrene Market Research Report: Forecast (2023-2028)

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Unlocking the GCC Expanded Polystyrene Market's
Growth Potential in 2028
The GCC Expanded Polystyrene Market is projected
to grow at a CAGR of around 6.4 during the
forecast period, i.e., 2023-28.
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WHO ARE WE?
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• We specialize in niche industries and emerging
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  benchmarking, market sizing forecasting, trend
  analysis etc. in around 15 industry verticals to
  enable our clients in identifying attractive
  investment opportunities and maximizing ROI
  through an early mover advantage

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Market Insights

• The GCC Expanded Polystyrene Market is projected
  to grow at a CAGR of around 6.4 during the
  forecast period, i.e., 2023-28. The growth of the
  market would be propelled by the burgeoning
  demand for EPS in construction, packaging, cold
  chain logistics, automotive sectors, among
  others, for thermal insulation in buildings,
  packaging of various products, and
  temperature-controlled transportation of goods.
  These industries are witnessing significant
  growth in the GCC region, backed by increasing
  FDI (Foreign Direct Investment) and enhanced
  government support.
• Moreover, rapid urbanization and various ongoing
  upcoming infrastructure development projects
  are further creating the demand for EPS. Many
  countries, such as Saudi Arabia, the United Arab
  Emirates, and Qatar, have ambitious long-term
  development plans, such as Saudi Vision 2030, the
  UAE Vision 2031, and Qatar National Vision 2030,
  focused on diversifying their economies away from
  oil gas and improving infrastructure, including
  housing, urban development, and transportation.
  These infrastructural development activities are
  accelerating construction activities in the
  region and, in turn, infusing the demand for EPS.

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GCC Expanded Polystyrene Market Driver

• Increasing Infrastructure Development in the
  Tourism Sector - GCC countries like the UAE,
  Qatar, Saudi Arabia have recognized the
  potential of tourism for diversifying their
  economy, owing to which they have developed
  comprehensive tourism development strategies to
  attract more tourists. In line with this, several
  hotels, resorts, entertainment venues, etc., are
  being constructed across the region, i.e.,
  pushing the demand for EPS for insulation in
  walls, roofs, floors. Saudi Arabia aims to
  increase the tourism sector's contribution to the
  EPS demand to more than 10 and attract 100
  million annual visits by 2030. Similarly, the UAE
  aims to welcome 40 million hotel guests by 2031,
  i.e., in line with the UAE Tourism Strategy 2031.
  Consequently, the region is witnessing an
  increasing number of hotel construction projects.
  As of 2023, there are 159,424 hotel rooms under
  contract for development, and Saudi Arabia is at
  the forefront of tourism development, with a
  pipeline of 100,071 hotel rooms. Hence, the rise
  in construction activities associated with the
  tourism sector is projected to drive the GCC
  Expanded Polystyrene Market during 2023-28.

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How Has the GCC Expanded Polystyrene Market Been
Divided?

• In the report, we have conducted a thorough
  analysis of the market by breaking it down into
  various high-performing segments. We aim to
  clarify the factors that contribute to the
  success and increased market share of each
  segment. This analysis includes an examination of
  their significant impact on the GCC Expanded
  Polystyrene market in terms of sales, expansion
  opportunities, job creation, and other vital
  factors. These components are categorized as
  follows
• By Type, (White, Grey Silver, Black), By
  Production Method (In-Situ Suspension,
  Post-impregnation Suspension), By End User
  (Building Construction, Electrical and
  Electronics, Packaging, Automotive, Others
  (Automotive, Healthcare, Agriculture, etc.)), By
  Country (The UAE, Saudi Arabia, Oman, Kuwait,
  Bahrain, Qatar)

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Competitive Benchmarking

• In the GCC Expanded Polystyrene Market, prominent
  companies such BASF, TotalEnergies, SABIC,
  Ravago Manufacturing, Styro, Kuwait Styrene
  Company (TKSC), Kuwait Polymer, STYROQ, Al-Musaha
  Al-Mushtaraka Company, Unitech Qatar are subject
  to thorough evaluation. Each company within this
  industry undergoes scrutiny based on the value of
  their products, their capabilities, and other
  noteworthy attributes. Additionally, this study
  encompasses various mergers and acquisitions, as
  well as recent product launches by these firms,
  aimed at acquainting stakeholders with the
  prevailing market dynamics.

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Some of the Key Questions Answered in this Report

• What are the growth projections for the years
  2023-2028?
• Which market factors will aid in developing
  client and business strategies?
• What are the critical market opportunities for
  each segment enlisted in the research report?
• What are the primary growth tactics used by the
  major market players?

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Why You Should Choose MarkNtel Advisors for Your
Market Research Needs

• Valuable Insights for Informed Decisions Our
  reports offer valuable and current insights that
  can be easily turned into actions. Whether you're
  a company looking to launch a new venture or
  expand profitably, our reports will guide you
  towards success.
• Numerous Benefits Our analysis of the GCC
  Expanded Polystyrene Market provides a wide range
  of advantages, including market research
  insights, comprehensive information, industry
  projections, and data trends.
• In-Depth Analysis Our GCC Expanded Polystyrene
  Market report goes deep into various industries,
  expertly examining important market trends,
  consumer behavior, and competitive landscapes.
  Stakeholders can expect a wealth of insights to
  shape their business strategies.

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Our Solutions Offering Flexible and Scalable
Solutions across Verticals

• Company Insights
• Account profiles
• Product intelligence
• Competitive intelligence
• Industry market landscape
• Customer case studies
• Prospect identification
• Investor pitch decks

• Industry Market Insights
• Market size estimation
• Go-to-market strategies
• Business plans
• Industry market landscape
• Growth strategy support
• Market entry support

• Consumer Insights
• Product concept testing
• Consumer behavior surveys
• Brand health studies
• Customer segmentation
• Voice of customer surveys

• Trade Insights
• Distribution channel audits
• Trade margin analysis
• In-store visibility audits
• Supplier audits
• Product mix analysis

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Our 360Approach Combining Various Techniques to
Deliver Holistic Solutions

• Data Insights
• In-depth stakeholder interviews
• Consumer surveys
• Mystery surveys
• Expert interviews

• Secondary Research
• Desktop research
• Syndicated research reports
• Proprietary databases
• Industry associations trade data

• Primary Research
• In-depth stakeholder interviews
• Consumer surveys
• Mystery surveys
• Expert interviews

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MarkNtel Advisors Target Geographies- Focus Areas

• MarkNtel has strategically defined its target
  areas which are based on evaluation by its
  analysts after analysing the growth potential of
  various regions. Few of those parameters include
• Political, Economic, Social, Technological and
  Environmental Analysis
• Credit Ratings provided by leading institutions
• GDP projections by bodies such as the World Bank,
  IMF, OECD, etc.
• Market Disruptions and the Next Big Things

Major Target Areas
Low Focus Geographies

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